Property Description

Look no further than this fully renovated seperately metered Three Unit income property in Manor Park. This hidden gem works as an ideal seemless compliment to exisiting porfolios or as a fresh and friendly advent into the real estate investing world. This property has been creatively designed to keep all the living space of its units above grade; with all units being renovated and all major elements being replaced or upgraded recently; with bonus storage rented units below grade as an additional income stream. Located just West of Wortley Village and surounded by lovely nature spaces including Euston Park and The Coves; which offers an unexpected and welcome disconnect from the intense urban elements. This is perfectly complemented as it offers very close access to the major transportation routes for public transit and is situated near to shopping centres. This fully tenanted property offers an annual income of $55,000 makiing this property a prime candidate for a cash flowing asset; with over a 6% Cap Rate at asking. The newly renovated basement space allows for additional income with storage units and features new appliances including two washers and two dryers for usage between the tenants; a reflection almost all the properties applinces being recetly upgraded. (id:24313)

Features
: Baseboard Heaters
: Fence
Address Map
Canada
London
Ontario
PADDINGTON
49
Avenue
0
W82° 44' 11.3''
N42° 57' 46.5''
Additional information
2152438
NATHAN BLANCO
282722
EXP REALTY, BROKERAGE
Municipal sewage system
Take Wharncliffe Road South to Emery Street West; Take Emery Street West to Paddington Avenue; Take Paddington Avenue going South (on West Side of Paddington Avenue)
Freehold
Microwave, Window Coverings, Hot Tub
1441.0000
: Shared Driveway
South E
6
Electric
Municipal water
Community Centre, School Bus
C$0
C$0

Multi-family For Sale

49 PADDINGTON Avenue, London

6 Bedrooms
3 Bathrooms
C$799000
Listing ID #40578169
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 40578169
Price : C$799000
Bedrooms : 6
Bathrooms : 3
Agent info
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